7
See all 7 photos
$1,295,000
Est. payment /mo
Active
5327 Riverton North Hollywood, CA 91601
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25167518
Property Sub-Type Lots/Land
Property Description
5327 Riverton Ave is an exceptional opportunity to build a new 6-unit development or up to 10 units by right in the heart of the North Hollywood Arts District, one of LAs fastest-growing and most in-demand neighborhoods. This SB-8 exempt, nonrent-controlled, LAR3-zoned lot is a rare find in todays landscape, offering developers a streamlined path forward with no tenant relocation or replacement unit requirementssaving both time and capital. Delivered RTI with plans for six thoughtfully designed townhomes, the current design includes two oversized 3-bedroom, 3.5-bath units and four spacious 2-bedroom, 2.5-bath units. Each features open layouts, en-suite bathrooms, in-unit laundry, and dedicated parking ideal for todays renter. Prefer to bring your own plans? With LAR3 zoning and SB-8 exemption, developers can build up to 10 units by right a unique value-add opportunity. Located steps from The Laemmle Theatre, The Federal Bar, Chandler Bike Path, and the newly developed NoHo West hub home to Trader Joes, boutique fitness studios, and curated retail this site offers unbeatable walkability in a red-hot submarket. With very few SB-8 exempt properties left, this is a rare plug-and-play opportunity in a high-growth corridor. Call now before this one gets snatched up.
Location
State CA
County Los Angeles
Direction Exit the 170 at Burbank Blvd, head east, turn left on Riverton. 5327 Riverton is a SB-8 EXEMPT, NON-RENT CONTROLLED 8,102 SFT LO
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 2416011005
Virtual Tour https://www.myunits.com/buy/5327riverton
Listed by Lauren Cearley Myunits.com Inc.